596 Oakdale Drive

Property Overview: 596 Oakdale Drive

This one-and-a-half storey home in Winnipeg’s Eric Coy neighbourhood presents a distinct opportunity centered on space and potential. Its primary appeal lies in the exceptionally large, approximately 19,222 sqft lot, which places it in the top 2% of all properties in Winnipeg for land size. The home itself offers a good amount of living space at nearly 1,700 sqft, complete with a finished basement, and is supported by a detached garage.

The property suits buyers who prioritize land over turn-key perfection. It’s ideal for someone with a vision for outdoor living, gardening, or future expansion, and who is comfortable with a home from the 1960s that may require updates. The strong rankings for lot and living area size suggest a solid foundation, but the lower rankings for the building's age indicate a buyer should be prepared for the maintenance or modernization typical of a home of this vintage. It’s a compelling proposition for the value-driven buyer looking to invest in a generous piece of land within the city.

Frequently Asked Questions

1. What does the "one-and-a-half storey" design mean?
Typically, this style features a main floor with full-height ceilings and a second floor with sloping ceilings and dormer windows, often creating cozy bedrooms or unique spaces. It's a classic mid-century design.

2. The lot is huge. Are there any restrictions on how it can be used?
While the lot size offers great potential, any plans for additions, secondary suites, or significant structures like a large workshop would require checking with the city's zoning bylaws and obtaining the necessary permits.

3. How does the finished basement add value?
A finished basement increases the usable living area, which is reflected in the home's strong living space ranking. It can serve as a family room, home office, or additional bedrooms, adding functional flexibility.

4. The home's age rankings are lower. What should I be most concerned about?
Key systems to have inspected include the roof, plumbing, electrical wiring, and the foundation. Homes from this era may also have original windows and insulation that are less efficient than modern standards.

5. The assessment value is noted. How does that relate to the listing price?
The municipal assessment is used for calculating property taxes and is not a direct indicator of market value. The listing price is set based on current market conditions, comparable sales, and the home's specific features.